In August 2021 the number of available jobs in the UK exceeded one million, the highest figure on record. Termed by many as ‘The Great Resignation’, the employment environment is changing, with resignations close to all-time highs. Workers seem to have more bargaining power than they have had for years and employers offering low wages or poor conditions are struggling to fill positions.”
Issues such as “burnout, workload, poor culture, and lack of flexibility”, mixed in with the long-term effects following returning to work after the pandemic, have caused many employees to think again about their existing roles. When organisations have experienced multiple resignations and failed to hire replacements, but with no reduction in workload, existing employees are all the more likely to resign in numbers.
Numerous companies are now using third-party vendors to plug the resulting staffing gap, particularly where operational resilience is a priority. A recent survey finds that the rise of third-party vendors has made resourcing easier. Customers use the Confirmation platform to free up manual, time consuming tasks in order for teams to focus on more meaningful tasks.
Companies offering a hybrid model are less likely to be affected by attrition, with 28 per cent of workers saying that flexible working policies are encouraging them to stay in their current job. An August 2021 Gartner report stated that by going back to an office-centric model a company could lose up to 39 per cent of its workforce.
